PB Fintech shares zoom over 6% to hit 52-week high; here’s why

Shares of the company opened higher and rallied as much as 6.69% to hit a fresh 52-week high of ₹1,763.2 per share on the NSE. More than 15.5 lakh shares of the company changed hands on the bourse. the stock closed 0.64% higher at ₹1,663 per share on the NSE. On BSE, PB Fintech shares surged over 6% to hit a year high of ₹1,763.95 per share.

The stock has rallied around 20% since August 6, when it posted its financial results for the June quarter. The stock also traded at 52-week high levels on August 14. The multi-bagger stock has risen 109% this year so far while rallying 132% in the past year.

PB Fintech shares rebounded on Tuesday after experts sounded bullish on the stock.

Market experts believe that the company’s ability to gain market share, expand the client base and growth in registered customers for both Policy Bazaar and Paisa Bazaar in the first quarter of FY25 reflected structural advantages for the company.

According to market observers, better take rates driving greater renewal commission growth of 35% year-on-year, an increase in the percentage of health and ULIPs, and the investment in advisers to support faster development are likely to support revenue growth in the coming quarter.

The insurance aggregator reported its third straight quarter of profit in the April-June period.

Driven by exceptional gains of ₹41 crore owing to disinvestment via subsidiaries, the company reported a net profit of ₹60 crore for the June quarter of FY25 against a loss of ₹12 crore in the year-ago period.

Revenue from operations rose by 51% year-on-year to ₹1,010 crore in the first quarter of FY25 compared to ₹665.5 crore in Q1FY24.

Company management told analysts that it was thrilled with the Health and Life insurance business, which are a bulk of long-term values. The businesses witnessed a combined growth of 78% year over year in new premiums for Q1FY25.